Two-bedroom apartments are among the most sought-after rental units in Lagos. Realtors and property agents note that renters favor them for their balance of space, comfort, and affordability, making them ideal for small families, professionals, and roommates.
Rental values across the city have shown significant growth, driven by urban expansion, lifestyle changes, and economic activity.
Demand is strongest in neighborhoods offering good security, modern infrastructure, and convenient access to business and leisure hubs.
According to the Lagos Residential Market Report 2025 by Edala Development, which provides average rental values for apartments across Lagos in 2025, this ranking identifies the top 10 areas where two-bedroom apartments command the highest rents.
From Mainland neighborhoods with relatively affordable options to Island and waterfront developments that command premium prices, the report highlights the locations where renters pay the most for two-bedroom homes.
Ikoyi ranked as the third most expensive area to rent a two-bedroom apartment in Lagos in 2025, with an average annual rent of N15 million. The district is known for its high-end properties, modern infrastructure, lush greenery, and secure environment, making it a preferred choice for business leaders, expatriates, and political figures.
The area features a diverse architectural landscape, from modern high-rise apartment towers along Bourdillon Road and Alexander Avenue to sprawling mansions, detached houses, and terraces within gated communities such as Osborne Foreshore Estate, Park View Estate, and Dolphine Estate.
The rental market for two-bedroom apartments in Ikoyi has grown steadily, reflecting strong demand and the area’s premium status. Rental prices are influenced by factors such as building type, age, level of furnishing, and available amenities.
